The 95% use a purely technical approach to speculation and investing, relying on articles written by their favourite crypto guru for their analysis. Bitcoin has been leading the crypto market higher over the last month, and as prices move higher so will the expectations of Bitcoin's future.
Most find speculation and investing hard. It's because we are just not wired to be good at it. Almost everything we think we should do will hurt, and almost everything we believe will harm us won't.
This behaviour retells the same old story, over and over again. The majority, get caught up in the hype and excitement and buy, always late to the party, without any long term understanding of the actual risks they are taking, bouncing between exhilaration and despair, checking for tweets, posts, and updates from their trusted guru.
For me the people who just make their own decision based on others and just invest when they see prices come up and just flow others like lambs to slaughter, where they lose their money because of it, if are just following what others tell you to do than you are not cut for this industry, because you need to learn and know what it is all about in order to make your own decision and people are lazy and just want an easy road to success, and if you really do tahn you would know better than to just invest when the price is high and freak out when it starts going down.